total share for which guqrantee is given by each underwriter individually know as
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An individual in the position of a lead underwriter is sometimes called a ... the total employment levels of insurance underwriters is projected to ... These businessmen became known as underwriters.
90% of subscription is guaranteed by the underwriter.
When a company issues shares for subscription, the company will only get the chance to retain the amount of application only if the company achieves the minimum line of 90% subscription of shares. But there is a chance that a company will not be able to achieve more than the required subscription. So to avoid a situation like this, a company will hire an underwriter. The value of shares that are not subscribed by the public will be taken by the underwriter and in return, the underwriter will be given a commission by the company.